Auditor's Report

Companies bill clause will not create a level playing field for accountants

As an accounting professor, I have grave concerns over clause 399 of the companies bill being debated in the Legislative Council.

Tuesday, 10 July, 2012, 12:00am

Legco split on criminal liability

Lawmakers have expressed mixed views on whether accountants should face criminal liability for failing to declare a company's financial problems in audits.

4 Jul 2012 - 12:00am

Threat of jail will get in way of professional audit judgment

Every person specified in subsection (2) commits an offence if the person knowingly or recklessly causes a statement required to be contained in an auditor's report under section 398(2)(b) or (3) to be omitted from the report.

Companies Amendment Bill, clause 399

26 Jun 2012 - 12:00am

Don't expect too much from auditors - they're watchdogs, not bloodhounds

Alarm bells tend to ring when a company is given a clean bill of health by auditors and then suddenly becomes accused of accounting fraud. Those who follow and use financial statements - such as investors, analysts, credit agencies and creditors - rely on auditors to keep tabs on the accuracy of companies' accounts.

19 Dec 2011 - 12:00am

Guardian of public purse will settle for respect, if not love

After publishing 13 audit reports and investigating 58 government departments and 13 non-governmental organisations in the past seven years, Benjamin Tang Kwok-bun says: 'Auditors are never loved, the best we can hope for is to be respected.'

5 Jul 2010 - 12:00am

Productivity chief's handwritten alterations to speech challenged

When Productivity Council chairman Clement Chen Cheng-jen openly admitted yesterday that the council's management had been 'coarse, negligent and erroneous', he was, it turned out, not necessarily reflecting the views of his managers.

9 Dec 2009 - 12:00am

Productivity Council takes beating

The latest report by the Audit Commission has raised questions about the management at the Productivity Council, pointing to concerns over the salary of its top boss and how staff bonuses were handed out.

26 Nov 2009 - 12:00am

In Brief

Drug surveillance 'should be improved'

26 Nov 2009 - 12:00am

HK should get fair deal over entry of mainland auditors

Former premier Zhu Rongji is known for his poker face. Unlike his self-aggrandising peers, Zhu rarely painted the huge calligraphy displays that one finds hanging at the doorways of almost every major mainland institution. He only did four.

14 Nov 2009 - 12:00am

'Value' is more than just a money matter

Remember stories of sight-impaired passengers falling off MTR platforms? Every now and then, we are reminded of our duty, as a society, to provide for the special needs of people with disabilities and our legislators demand screen doors for all MTR platforms. Seldom do we think about how much the railway operator has to pay for them.

18 May 2009 - 12:00am

EOC chief survives confidence motion over auditor's report

Equal Opportunities Commission chairman Raymond Tang Yee-bong survived a confidence motion initiated by board members yesterday, on the eve of his third appearance at a Legco hearing on alleged poor administration at the statutory body.

14 May 2009 - 12:00am

EOC considers staff meetings in hotel lobby after Legco criticism

Senior officers of the Equal Opportunities Commission might hold late-night meetings in hotel lobbies on future business trips so that the chairman would not need to rent an 'ambassador suite' for meetings, lawmakers were told yesterday.

12 May 2009 - 12:00am

EOC chief accused of secrecy

Equal Opportunities Commission chairman Raymond Tang Yee-bong has been challenged for his handling of the value-for-money audit report, which will be made public tomorrow.

21 Apr 2009 - 12:00am

Ministry admits watch on oral panel was lax

The health ministry admitted yesterday it had been negligent in its supervision of the scandal-ridden National Committee for Oral Health.

A ministry audit found the committee had illegally accepted 2.08 million yuan for endorsing dental care products since 2003 and engaged in other illegal financial activities such as extending loans to an oral products factory.

12 Jun 2007 - 12:00am

Science body's ex-chief a burden, says official

The board of an embattled government-funded research institute accepted the resignation of its chief executive because he was considered a burden to the institute's reform, a senior government official and board member said yesterday.

27 Apr 2007 - 12:00am